Hyflux 6% perpetual callable 2020

[sgpunter]

Both the preference shares and perpetuals witnessed a tremendous fall in value today. Makes me wonder if it is due to news that Hyflux is not redeeming. If it is, I wonder how much confidence will be lost by banks

May I know where you got the news that Hyflux is not redeeming? Appreciate if you can share the source as I cannot seem to find this anywhere and I will say that this a material piece of information. 

I note in another earlier posting by sgdividends on Hyflux's reply from their investor relations but I interpret that to mean that they do not have plans for an early redemption but that does not mean that they do not intend to redeem the CPS during the callable date on 25 April 2018.